US inflation likely rose in January as per the core personal consumption expenditures price index, signaling challenges in controlling price pressures. Federal Reserve not in a hurry to lower borrowing costs until confident inflation is receding. Other economic indicators and reports from various countries also expected.
Key Points
Core PCE price index likely rose by 0.4% in January
Fed cautious about reducing borrowing costs until inflation recedes
Various economic indicators and reports from different countries expected for insights into global economy
Pros
Core PCE price index likely rose 0.4% in January, showing a monthly acceleration
Fed cautious about lowering borrowing costs, waiting for sustained decrease in inflation
Various economic indicators and reports from different countries expected, providing insights into global economy
Cons
Rising inflation can lead to economic challenges and impact consumer spending
Uncertainty in global economic conditions may affect market expectations and investments